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Economy - International

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Terrence Aym

The World Bank has released its annual report, Doing Business, listing the best countries in the world for people to start a new business. The US comes up short—way short. Perhaps the biggest surprise—and biggest warning to America to get its act str

News Link • Global Reported By Terrence Aym
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www.businessweek.com

Greece's debts are only one piece of Europe's economic puzzle, ($607 billion) bailout fund to keep the larger economies of Italy and Spain from spinning out of control and forcing weak banks to boost their capital buffers as a defense against market

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www.zerohedge.com

And while this is admittedly a symbolic development, we follow up this news with a piece from SocGen's Albert Edwards who has some quite factual observations on why China is now in stall speed and has little hope of a Hollywood ending.

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arclein

In 1999, public banks dominated German domestic lending, with pr ivate banks accounting forless than 20% of the market, compared to more than 40% in France, Spain, the Nordic countries, and Benelux. Since then, Germany's public banks have

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www.washingtonpost.com

BRUSSELS — The International Monetary Fund, known throughout its history for urging governments to slash their budgets, is now worried that a global round of austerity may trigger a new recession and is urging countries to look for ways to boost grow

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YouTube.com

10/18/2011 7 AM CST Ron Paul goes over his Restoring America spending cut plan on CNBC's Squawk on the Street with Joe Kernan and Andrew Ross Sorkin, which entails cutting $1 trillion in Federal spending within a year's time.

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Reuters

Moody's warned on Monday it may slap a negative outlook on France's Aaa credit rating in the next three months if the costs for helping to bail out banks and other euro zone members stretch its budget too much. The warning comes as European Union

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www.cnbc.com

Over the past three months, political gridlock in Washington over the U.S. budget deficit and infighting in European capitals resulted in the biggest falls in the prices of risk assets since the collapse of Lehman Brothers in late 2008.

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www.zerohedge.com

To some extent it is remarkable that markets continued to rally last week and that Eurozone-related risk premia declined, because at the surface, there has been very little concrete progress regarding the Eurozone fiscal crisis.

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The Daily Bell

The greatest threat to our economic future is what is happening in the eurozone. The scale of the euro crisis has made one thing abundantly plain: Europe, Britain and the rest of the world would be better off if the euro had never happened. It would

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asahi.com

A group of residents is using what little is left in their tsunami-devastated town to raise funds through tourism. Keiichi Abe, 43, who heads the group, and other members were discussing how they can make money on their own, without relying on out

News Link • Global Reported By Ronald Bogner
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